In some cases, like the communications network segment we suffered from week demand and in other cases we had reasonable demand, but we suffered from supply issues to the floods in Thailand.Our gross margin came in at 7.3%, which was down 50 basis points from the fourth quarter. Operating margin declined 80 basis points from last quarter to 3.3%. Non GAAP- EPS was $0.28. This was based on 82.7 million shares outstanding on our fully diluted basis. Finally, cash generation was a challenge this quarter with cash flow from operations at negative $13 million. I’ll discuss cash in more detail in a few minutes.
Sanmina-SCI's CEO Discusses F1Q2012 Results - Earnings Call Transcript
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